Though Dogecoin (DOGE) and Shiba Inu (SHIB) have held the top spot for a while, they need to be careful as there’s a new cat on the block. In this article, we will examine Dogecoin, Shiba Inu, and the biggest presale crypto in the past few years, Big Eyes Coin (BIG)! Can Big Eyes Coin claw past its canine competition? Or will it spend its nine lives trying to catch up to the top dogs in the meme coin space? Let’s dig in.
Dogecoin: Elon Musk’s Favourite Doge
The cryptocurrency Dogecoin (DOGE) was developed by a couple of average guys who just wanted to have some fun. Software developers Billy Markus and Jackson Palmer planned to launch a new cryptocurrency as a prank back in 2013. They created the initial meme coin, Dogecoin, by fusing the Shiba Inu dog which is a well-known online meme with the idea of digital money. They did this to target people who weren’t solely interested in the technicalities of cryptocurrency, as in the early days of crypto the adopters were generally very technical people.
But here’s the thing: what began as a joke swiftly turned into a widely-used digital currency. People started utilising it to make charitable contributions as well as online purchases at Tesla and other stores. The strong sense of community in Dogecoin has contributed to its popularity. And Elon Musk. Musk has been a massive proponent of Dogecoin’s growth, with a single tweet from him sending the prices skyrocketing.
Shiba Inu: Barking Doges Don’t Bite?
They do. I mean look at the snarl that Shiba Inu (SHIB)’s token has! Similar to Dogecoin, Shiba Inu (SHIB) is a cryptocurrency. However, it is named after the Shiba Inu dog breed, which is particularly well-liked in Japan. Under the alias “Ryoshi,” a mystery individual or group of individuals invented the Shiba Inu in the year 2020. It shares certain similarities with Dogecoin, such as the use of the Shiba Inu as a mascot, but unlike Dogecoin, it was not started as just a joke.
Its acceptance began to grow in 2021, and as a result of its distinctiveness and devoted fan base, it swiftly rose to become one of the most talked-about cryptocurrencies.
Shiba Inu is different from Dogecoin as it uses the Ethereum network for token transfers, whilst Dogecoin has its own network.
Also, with a limited quantity of tokens (as opposed to Dogecoin’s inflationary tokenomics) and a token burn mechanism that burns 10% of each transaction, this dog has some significant bite in terms of returns. As a result, the token’s value will only increase over time.
It’s Looking Paws-itive For Big Eyes Coin As It Raises $21 Million
Whilst Dogecoin and Shiba Inu thought they could rest on their laurels, a brand-new meme coin called Big Eyes Coin (BIG) is causing a stir in the meme coin market. It’s one of the most promising new meme coins in the game with over $21 million raised.
Big Eyes Coin is still a useful asset for many even if it may not be as widely known as some of the other cryptocurrencies available right now. It’s a cat with boundless potential, eager to crush the opposition. Picking out these hidden gem coins and investing before everyone else is how serious gains are made, think about the first people that invested in Dogecoin or Shiba Inu!
Big Eyes Coin stands out from the crowd and is expected to attract more attention as it maintains its upward pace. It is one of the few cat-based cryptocurrencies on the market, immediately setting itself apart from the countless Shiba Inu-based coins.
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Final Thoughts
When investing in any asset, it’s crucial to conduct your own research beforehand and only invest money you can afford to lose. But let’s be honest, who wouldn’t want to own currency based on cats and dogs that had the potential to make their net profits “paws-itive”? Happy investing!
Big Eyes Coin (BIG)
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2023/02/dogecoin-and-shiba-inu-need-to-watch-their-tails-as-new-meme-token-big-eyes-coin-dashes-past-21-million